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The NHS and the spell of the White Witch

In The Lion, the Witch, and the Wardrobe, C.S. Lewis described the dreary state of Narnia under the curse of the White Witch as “always winter but never Christmas.” His assessment may soon apply to the National Health Service (NHS), whose annually intensifying “winter crisis” threatens to become permanent, according to the UK’s leading doctors’ association. Continue Reading...

An introduction to the Solow Model

Note: This is post #80 in a weekly video series on basic economics. The Solow model was named after Robert Solow, the 1987 winner of the Nobel Prize in Economics. Among other things, the Solow model helps us understand the nuances and dynamics of growth, says Alex Tabarrok of Marginal Revolution University. Continue Reading...

The economics and morality of infinity

In this week’s Acton Commentary I take on Thanos’ zero-sum economic worldview as manifest in Avengers: Infinity War. In the classic debate over positivity and normativity in economics, Thanos is definitely not a value-free figure. Continue Reading...